Tag: Bank

Central Pacific Financial
United States

Veteran Banker Ralph Mesick Joins CPB as Senior Executive Vice President and Chief Risk Officer

HONOLULU – Ralph Mesick, a veteran Hawaii banker with nearly 40 years of financial services experience, has joined Central Pacific Bank (CPB) as its Senior Executive Vice President and Chief Risk Officer, according to an announcement today by Arnold Martines, CPB chairman, president, and chief executive officer. “The bank was started for our community, by our community, and I look forward to helping build our … Continue reading Veteran Banker Ralph Mesick Joins CPB as Senior Executive Vice President and Chief Risk Officer

Impact Newswire
Nigerian banks Sticky Post
Africa

Nigerian banks are trying to raise funds for recapitalization through public offers; but do Nigerians have the money to buy them?

-Emmanuel Abara Benson Nigerian banks have until April 2026 to recapitalize, as recently mandated by the Central Bank of Nigeria (CBN). Already, some of them have submitted their recapitalization plans, and it appears they are resorting to the capital market to raise money through right issues, private placements, and public offers. GTCO Plc is among the first to launch a public offer, seeking to raise … Continue reading Nigerian banks are trying to raise funds for recapitalization through public offers; but do Nigerians have the money to buy them?

Impact Newswire
KeyCorp
United States

KeyCorp Receives Strategic Minority Investment from Scotiabank

08/12/2024 Opportunistic capital raise on attractive terms Accelerates capital and earnings improvement; capital raise estimated to result in pro forma CET1 of 12.4% Further strengthens Key’s capacity for growth  CLEVELAND, Aug. 12, 2024 /PRNewswire/ — KeyCorp (NYSE: KEY) today announced it has reached an agreement under which The Bank of Nova Scotia (“Scotiabank”) (TSX: BNS) (NYSE: BNS) will make a strategic minority investment in KeyCorp of approximately $2.8 billion, representing approximately 14.9% … Continue reading KeyCorp Receives Strategic Minority Investment from Scotiabank

Impact Newswire
U.S. Bancorp
United States

U.S. Bancorp promotes Gunjan Kedia to president

Kedia to oversee all revenue lines, ensuring focus on growth and holistic client experience MINNEAPOLIS–(BUSINESS WIRE)–U.S. Bancorp (NYSE: USB), parent company of U.S. Bank, announced today that Gunjan Kedia will be its new president, reporting to Andy Cecere, who will retain the title of chairman and CEO. “She will partner with me and our entire Managing Committee as we continue to chart our course for … Continue reading U.S. Bancorp promotes Gunjan Kedia to president

Impact Newswire